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AznHisoka
on May 19, 2019
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Quants Think Like Amateurs in China’s Wild Stock M...
It's completely rational to buy a stock if you think other ppl are going to be irrational and make the price surge.
whatshisface
on May 19, 2019
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I have an image of highly rational traders sitting in high pressure meetings coming up with stupid ideas so that they can front-run stupid people.
tehjoker
on May 19, 2019
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What if you think everyone else is rational, but they'll all buy the stock for the same reason as you? It's an entirely rational system that leads to a completely irrational outcome.
6gvONxR4sf7o
on May 19, 2019
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Sounds like a keynesian stupid contest.
icebraining
on May 19, 2019
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For people who don't know the reference:
https://en.wikipedia.org/wiki/Keynesian_beauty_contest
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